Forward Industries CEO Terence Wise's 2020 pay jumps 33% to $400K
Forward Industries reports 2020 executive compensation
By ExecPay News
Published: December 29, 2020
Forward Industries reported fiscal year 2020 executive compensation information on December 29, 2020.
In 2020, four executives at Forward Industries received on average a compensation package of $323K, a 18% increase compared to previous year.
Average pay of disclosed executives at Forward Industries
Terence Wise, Chief Executive Officer, received $400K in total, which increased by 33% compared to 2019. 75% of Wise's compensation, or $300K, was in salary. Wise also received $100K in option awards.
Michael Matte, Chief Financial Officer, received a compensation package of $326K, which increased by 34% compared to previous year. 52% of the compensation package, or $169K, was in salary.
Mitch Maiman, Executive Officer of IPS, earned $282K in 2020, a 3% increase compared to previous year.
Paul Severino, Executive Officer of IPS, received $282K in 2020, which increases by 3% compared to 2019.
Forward Industries' fiscal year ends on September 30.
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Source: SEC filing on December 29, 2020.